Sunday, February 5, 2023
  • Janam TV Malayalam
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms of Services
Janam TV English
  • ‌
  • News
    • Kerala
    • India
    • Gulf
    • World
  • Business
  • Defence
  • Tech
  • Science
  • Health
  • Podcast
  • ‌
    • Travel
    • Entertainment
    • Lifestyle
    • Sports
    • Guest Column
    • Auto
No Result
View All Result
  • ‌
  • News
    • Kerala
    • India
    • Gulf
    • World
  • Business
  • Defence
  • Tech
  • Science
  • Health
  • Podcast
  • ‌
    • Travel
    • Entertainment
    • Lifestyle
    • Sports
    • Guest Column
    • Auto
No Result
View All Result
Janam TV English
No Result
View All Result
  • News
  • Business
  • Defence
  • Health
Home News India

Insurance industry must play a pivotal role in India’s growth story: Vice President

by Janam Web Desk
Jul 24, 2018, 11:17 am IST
in India
New Delhi: The Vice President of India, M. Venkaiah Naidu has said that the Insurance Industry must play a pivotal role in India’s growth story by offering innovative risk covers, policies and schemes. Addressing the gathering after inaugurating the Centenary Celebrations of The New India Assurance Company Limited, he asked them to make India fully insured at the earliest.

 

The Vice President said that the overall insurance penetration reached only 3.69 per cent in 2017. The Insurance Industry that is projected to grow to US $ 280 billion by 2020 must take the responsibility and make India fully insured, he added.

Saying that the true worth of an insurance company is gauged by its claims settling performance, the Vice President said that supporting country’s various socio-economic classes and fulfill their aspirations for a bright and secure future is a great challenge and asked companies to supplement the efforts of the government to provide insurance to all.

The Vice President complimented New India for playing an important role in the Government-backed insurance schemes under the Pradhan Mantri Jan Dhan Yojana, namely Pradhan Mantri Surakhsha Bima Yojana, Rashtriya Swasthya Bima Yojana and other mass health insurance schemes or the country-wide crop insurance scheme Pradhan Mantri Fasal Bima Yojana. The fruits of development must reach poorest of the poor, he added.

The Vice President said that there is a vast scope for the insurance industry to grow and create employment in the country. He further said that the insurance companies need to come out with innovative schemes and products for more and more people to avail of their services. Insurers must develop products that are effective and efficient on both covers and the claims, he added.

The Vice President has also asked the insurance companies to leverage demographic dividend to impart employable skills to the youth. Long-term and constant skill development and enhancement is imperative for India so that it can keep up with the best in the world, he added.

Tags: MAINFEATURED
ShareTweetSendShare

Related News

PM bows to Mahatma Gandhi on his Punya Tithi
News

PM bows to Mahatma Gandhi on his Punya Tithi

Round Table on ‘Reaching Out – India and the SCO’ organize at SCO Film Festival
News

Round Table on ‘Reaching Out – India and the SCO’ organize at SCO Film Festival

Ministry of Panchayati Raj organizing one-day deliberation meet on 30th January
News

Ministry of Panchayati Raj organizing one-day deliberation meet on 30th January

Latest News

Vice President calls upon youth to practise and follow Fundamental Duties

Vice President calls upon youth to practise and follow Fundamental Duties

Pariksha Pe Charcha 2023: PM interacts with students, teachers and parents

Pariksha Pe Charcha 2023: PM interacts with students, teachers and parents

PM shares interesting repository of mantras and activities on Pariksha Pe Charcha

PM greets citizens on Republic Day

President of India graces the inauguration of 18th National Jamboree of the Bharat Scouts and Guides in Rajasthan

President of India to confer the Pradhan Mantri Rashtriya Bal Puraskar 2023 tomorrow

PM shares interesting repository of mantras and activities on Pariksha Pe Charcha

PM greets people of Meghalaya on their Statehood Day

PM congratulates RRR team on winning Golden Globe Award for Best Original Song ‘Naatu Naatu’

PM lays foundation stone and dedicates various developmental projects in Kodekal, Karnataka

Amit Shah greets NDRF on its 18th Raising Day

Amit Shah greets NDRF on its 18th Raising Day

 NCC Horse Show 2023 organised at Delhi Cantt

 NCC Horse Show 2023 organised at Delhi Cantt

  • Janam TV Malayalam
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms of Services

© Janam Multimedia Limited

No Result
View All Result
  • ‌
  • News
    • Kerala
    • India
    • Gulf
    • World
  • Business
  • Defence
  • Tech
  • Science
  • Health
  • Podcast
  • ‌
    • Travel
    • Entertainment
    • Lifestyle
    • Sports
    • Guest Column
    • Auto

© Janam Multimedia Limited